Perry wants flat tax with some popular deductions

GRAY COURT, S.C. — Republican presidential candidate Rick Perry proposed a sweeping economic plan Tuesday that includes a flat tax proposal, private retirement accounts for Social Security, a lower corporate tax rate and reforms aimed at keeping Medicare solvent.

In a pitch to right-wing conservatives, the Texas governor outlined a proposal he calls "Cut, Balance and Grow" that he says is bolder and more aggressive than what his Republican rivals or President Barack Obama would do.

AP Photo/ Richard Shiro

Republican Presidential candidate, Texas Gov. Rick Perry speaks at the ISO...